Arkema S.A. Announces Dividend of $3.43 (OTCMKTS:ARKAY)

Arkema S.A. (OTCMKTS:ARKAY) announced a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 3.4274 per share by the basic materials company on Thursday, June 12th. This represents a dividend yield of 4.47%. The ex-dividend date is Thursday, May 22nd.

Arkema Price Performance

Shares of ARKAY opened at $76.66 on Tuesday. Arkema has a 1 year low of $64.94 and a 1 year high of $106.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The business has a 50-day moving average of $75.85 and a 200-day moving average of $78.81.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.08). The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.44 billion. Arkema had a return on equity of 8.04% and a net margin of 3.82%. As a group, equities research analysts anticipate that Arkema will post 8.36 earnings per share for the current year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein began coverage on Arkema in a report on Thursday, April 24th. They issued an “underperform” rating for the company.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.